By Yadarisa Shabong (Reuters) -Britain’s BAE Systems on Thursday agreed to buy Ball Corp’s aerospace assets for about $5.55 billion in cash, snapping up a key U.S. contractor in areas such as space, national security and intelligence in its largest deal ever. Reuters had reported in July that private equity firms Blackstone Inc and Veritas…
By Anirban Sen and David Carnevali NEW YORK (Reuters) – U.S. Steel Corp attracted acquisition interest after short-term challenges, including upgrading furnaces and potential car production shutdowns, weighed on its valuation, according to people familiar with the deliberations of its suitors. The Pittsburgh-based company, which has a market value of $6.8 billion, is exploring its…
By Muvija M LONDON (Reuters) – Britain’s BAE Systems said its $5.5 billion purchase of Ball Corp’s aerospace business would help it meet the soaring demand for munitions seen since the invasion of Ukraine, underscoring the impact the war has had on the sector. Russia’s invasion of its neighbour has led to a surge in…
By Jonathan Allen LAHAINA, Hawaii (Reuters) – Although Uilani Kapu’s home was spared by the wildfires that raged through West Maui last week, she has slept the last few muggy nights in a tent in a strip-mall parking lot as she helps oversee the distribution of donated food, clothing, baby formula and other essentials to…
By Safiyah Riddle (Reuters) – Manufacturing activity in the U.S. Mid-Atlantic region grew at its strongest pace since April 2022 in August, according to a report released on Thursday, as new orders surged amidst robust consumer demand. The Philadelphia Federal Reserve’s monthly survey of goods producers released on Thursday showed the general business activity index…
By Tetsushi Kajimoto TOKYO (Reuters) -Japan’s exports fell in July for the first time in nearly 2-1/2 years, dragged down by faltering demand for light oil and chip-making equipment, underlining concerns about a global recession as demand in key markets such as China weaken. Japanese exports fell 0.3% in July year-on-year, Ministry of Finance (MOF)…
By Jason Xue and Clare Jim SHANGHAI/HONG KONG (Reuters) -A major Chinese asset manager has told its investors it needs to restructure its debt, stoking fears that a chain of defaults could spread through the financial sector and deliver a destabilising shock to the country’s weakened economy. Zhongzhi Enterprise Group, which raises money from…
MADRID (Reuters) -Spain’s Socialists had their candidate appointed speaker of the lower house of congress on Thursday with support from Catalan separatist parties, in acting Prime Minister Pedro Sanchez’s first step towards forming a new government. Spain has been stuck with a hung parliament following an inconclusive election in July, but Thursday’s vote on a…
By Julian Luk LONDON (Reuters) – Chile’s Codelco, the world’s largest copper producer, is at risk of insolvency due to rising costs and a growing debt pile stemming from projects that missed output targets, Chile’s Centre for Copper and Mining Studies (CESCO) said in a report seen by Reuters. In a rare intervention, the influential…
By Chris Taylor NEW YORK (Reuters) – Maybe Dorothy, Blanche, Rose and Sophia had it right all along. We remember the stars from the 1980s television series “The Golden Girls” for their wit and quick comebacks, but also for their unique home arrangement: Living (and eventually owning) with each other, without spouses or significant others….
